Shares of Hillenbrand, Inc. (NYSE:HI) hit a new 52-week high and low during mid-day trading on Tuesday . The company traded as low as $48.63 and last traded at $48.30, with a volume of 152608 shares traded. The stock had previously closed at $47.55.
A number of analysts have recently issued reports on the company. Zacks Investment Research lowered Hillenbrand from a “buy” rating to a “hold” rating in a research note on Wednesday, April 11th. ValuEngine raised Hillenbrand from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, B. Riley lifted their price target on Hillenbrand from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $51.50.
The company has a debt-to-equity ratio of 0.62, a current ratio of 1.24 and a quick ratio of 0.92. The company has a market capitalization of $2,949.85, a PE ratio of 22.91 and a beta of 1.20.
Hillenbrand (NYSE:HI) last issued its quarterly earnings results on Wednesday, January 31st. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.05. The firm had revenue of $397.20 million for the quarter, compared to analyst estimates of $384.30 million. Hillenbrand had a return on equity of 19.51% and a net margin of 7.52%. The business’s revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 earnings per share. research analysts predict that Hillenbrand, Inc. will post 2.36 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Friday, March 16th were paid a dividend of $0.2075 per share. This represents a $0.83 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend was Thursday, March 15th. Hillenbrand’s dividend payout ratio (DPR) is currently 39.34%.
In other Hillenbrand news, insider Joe Anthony Raver sold 33,931 shares of the business’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $47.04, for a total transaction of $1,596,114.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Eric M. Teegarden sold 5,177 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $44.49, for a total value of $230,324.73. Following the transaction, the vice president now directly owns 3,531 shares in the company, valued at approximately $157,094.19. The disclosure for this sale can be found here. Insiders have sold 39,525 shares of company stock worth $1,846,113 in the last three months. 1.81% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HI. Glenmede Trust Co. NA boosted its stake in Hillenbrand by 175,287.5% during the fourth quarter. Glenmede Trust Co. NA now owns 701,550 shares of the company’s stock worth $31,358,000 after buying an additional 701,150 shares during the last quarter. Two Sigma Advisers LP lifted its stake in shares of Hillenbrand by 606.3% in the 4th quarter. Two Sigma Advisers LP now owns 457,546 shares of the company’s stock valued at $20,452,000 after purchasing an additional 392,761 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Hillenbrand by 3.1% in the 4th quarter. BlackRock Inc. now owns 8,303,568 shares of the company’s stock valued at $371,171,000 after purchasing an additional 247,107 shares during the last quarter. Channing Capital Management LLC lifted its stake in shares of Hillenbrand by 17.0% in the 4th quarter. Channing Capital Management LLC now owns 1,701,045 shares of the company’s stock valued at $76,037,000 after purchasing an additional 246,866 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Hillenbrand by 33.1% in the 4th quarter. Millennium Management LLC now owns 897,718 shares of the company’s stock valued at $40,128,000 after purchasing an additional 223,391 shares during the last quarter. 78.14% of the stock is currently owned by institutional investors.
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Hillenbrand Company Profile
Hillenbrand, Inc operates as a diversified industrial company worldwide. The company operates in two segments, Process Equipment Group and Batesville. The Process Equipment Group segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals and mining, energy, wastewater treatment, and forest products.
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